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is lisa rice, of the national housing alliance. then elise cohen at the national law center. if i move to my right hand side, susan, a professor of real estate and finance at university of spilt -- pennsylvania. david moss of its of wells fargo, and karen thomas, senior vice president for relations at the independent community bankers association of america. we might start with you, mr. calhoun. >> thank you. today, the cfpb announces one of its most important roles -- he qualified mortgage ability to repay rule and the upcoming mortgage servicing rules that will come out next week. they addressed failures in the mortgage market that devastated millions of families in our overall economy. the twin drivers of this were widespread on affordable loans and a broken mortgage servicing system that severely aggravated the ensuing wave of foreclosures. the goal of the dodd-frank legislation and the rule today are to create direct incentives so that lenders are encouraged to make loans that are long term sustainable, not just generators of short-term fees, and to also deter and prohibit abusive
. cohen. the speaker pro tempore: the gentleman from tennessee is recognized for one minute. mr. cohen: thank you. i appreciate the moment. i just -- this has been a very interesting couple of days. ones that i would normally have spent with friends in memphis drinking champagne and looking forward to the new year. it's been an honor serving with you, mr. dreier. you are an outstanding member, as ms. slaughter said, and there are lots of other people on the aisle who are fine republicans who i'm friendses with and think the world of -- friends with and think the world of. but i'm happy this day ended the way it did. and somehow, we're going to end up not falling off the fiscal cliff and i think that's wonderful. so i thank ms. slaughter for the time and i thank speaker boehner for whatever he's done to produce this -- what i suspect will be a positive result for the american people. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from california. mr. dreier: mr. speaker, i'll continue to reserve the balance
Search Results 0 to 1 of about 2